Susquehanna Joins TP ICAP Digital Asset Platform

Quantitative trading firm Susquehanna’s digital assets subsidiary has joined TP ICAP’s Digital Asset Platform as a market maker. The firm will provide liquidity for the platform, which will feature a wholesale electronic over the counter (OTC) marketplace for spot crypto asset trading including in Bitcoin and Ethereum. TP ICAP’s platform will also offer post-trade infrastructure to enable straight through processing (STP). It has gained the support of several market makers already in preparation for its launch into its market maker role as it awaits registration by the UK’s Financial Conduct Authority.